UK listed payment solutions provider, Paysafe Group plc (LSE: PAYS), has announced that it is joining the FTSE 250 Index from the start of trading today.
Paysafe’s inclusion in the Index was announced by FTSE Russell on 2 March 2016. This follows Paysafe’s admission to the premium listing segment of the Official List of the UK Financial Conduct Authority and to trading on the Main Market for listed securities of the London Stock Exchange on 23 December 2015.
Paysafe is a provider of digital payments and transaction-related solutions to businesses and consumers around the world, offering multi-platform products which focus on emerging payment technologies including mobile.
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Paysafe President and Chief Executive Officer Joel Leonoff said: “Today marks yet another milestone for our growing payments business. We are delighted to be entering the FTSE 250 following the strong performance over the past year as our business continues to mature.”
The company’s inclusion in the index follows the recent release of its preliminary results for the year ended 2015 which reported an increase year-on-year over 2014 across a number of key financial areas, paralleled with a continuing strong momentum into 2016. Paysafe’s recent acquisition of the Skrill Group and Dallas-based MeritCard Solutions LP in February 2016 have been key strategic moves in expanding the company’s payment processing sales capabilities and partner relationships in North America and across the world.